CHANGE OF GUARDS AT GE:

John L Flannery will replace Jeff Immelt as the chairman and chief executive of General Electric (GE), as the conglomerate ends the 16-year reign of the high-profile CEO and elevates the insider who quietly turned around GE’s Indian operations and the global healthcare business.

Piyush Goyal, Union Minister of State for Power, Coal, New and Renewable Energy and Mines, today said India has become a power surplus country in the last three years of NDA government at the Centre and there is no shortage of electricity or coal.

The capacity of India's southern electricity grid has increased 89 per cent in the last three years and the Centre plans to double it in the next three years, Power Minister Piyush Goyal said on Monday while blaming the Karnataka government for posing hurdles to these plans.

A day after Uttar Pradesh Chief Minister Yogi Adityanath met Union Power Minister Piyush Goyal in New Delhi, Mr Goyal today warned that UP has planned to go for major drive against power theft and said only six villages in the state were left with electrification.

Power, coal, mines and renewable energy minister Piyush Goyal has announced that state-owned miner Coal India Ltd (CIL) will set up 1,000 Megawatt (Mw) solar power generation capacity in a bid to reduce its carbon footprint.

In order to put a check on the growing incidents of power theft and pilferage, the Uttar Pradesh Government may soon setup dedicated police stations and vigilance squads against the menace, the Union Power Minister Piyush Goyal said here today.

The Indian Railways is staring at a possible loss of over Rs 2,500 crore annually due to imminent closure of the 41-km long line between Chandrapura and Dhanbad as the land around the section in Jharia coalfields has started caving in due to underground fire.

The company, run by former coal trader Ivan Glasenberg, made a surprise eleventh-hour $3.5-billion bid for a huge patch of thermal coal-rich ground on Australia’s east coast controlled by Rio Tinto Group and Japan’s Mitsubishi Corp.

The costs to ship fuel and crude oil from Qatar are expected to rise after the United Arab Emirates banned vessels that previously called at Qatar from docking at UAE ports, multiple sources from the oil and shipping sectors said on Monday.

The decision by Indian motor-fuel companies to revise prices everyday wouldn’t financially hurt retailers, state-run Hindustan Petroleum said Monday, seeking to address concerns that the move would inflate administrative costs for the dealers.

In a bid to iron out differences over the crucial issue of daily revision of petrol and diesel prices, India’s three state-run Oil Marketing Companies will meet representatives of the petroleum dealers association on Tuesday.

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 46.69 per barrel (bbl) on 09.06.2017.

In May, the three fuel marketing companies initiated a pilot project in Puducherry and Vizag in southern India, Udaipur in the West, Jamshedpur in the East and Chandigarh in the North to revise petrol and diesel prices every day, before implementing the mechanism nationwide in order to better shield themselves from volatility.

The Indian Railways will shut down its operations in a 35-kilo meter line between Chandrapura and Dhanbad from June 15, which will affect about 75 per cent of production of Bharat Coking Coal Ltd, a subsidiary of state-run Coal India Ltd. This is likely to hit the railways revenue by more than Rs 2,750 crore per annum.

Superfast Mumbai-Karmali Tejas Express is not named superfast for nothing. It lived up to its tag when it left the Karmali station three hours late and yet reached Mumbai CST a little before its scheduled arrival time.

Indian Port Rail Corporation Limited (IPRCL), a firm formed under the Sagarmala initiative with a mandate to improve port connectivity, has identified 15 rail over-bridge and under-bridge projects for construction to improve evacuation of port cargo.